The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-30
CONDITION OF THE MARKETS
A Dull Day in Wheat, Spectators Being
Engaged in Scalping Each Other.
Corn and Oats Practically Unchanged from
the Figures Current on Monday-A Slight
Advance in the Prices Of Short Ribs.
MONEY, HoNDs AND STOCKS.

Ihe Market shows Indications of Strength,
but Fluctuations Are Very Narrow.
NEW YORK, March 29.-Money on call was
'l1sy at 307 per cent, closing at 304
Prime mercantile paper sac per cent
Sterling exchange was dull but steady and
unchanged.
The total sales of stocks to-day were 3o4, 098
shares, including the following Canada South
ern, 9,6l5; Erie, IA. 240 Louisville & Nashville,
1900 Missouri Pacific, 1850; Northwestern,
9,405; Reading %, $50; St Paul. 1870; Texas
Pacific, K.71o; Union Pacific, 2S,O75; Western
Union, l7.5l0
For the frst time in many weeks the money
market became factor in the course of prices,
and notwithstanding the fact that the entire
Jtreet is talking in favor of higher figures long
- money holds up, the stock market had sag
xing tendency. The rates for stocks were in
Mroeess OF adjustment to those for money, and
this was an inducement to many operators to
take the profits shown ia the operations of the
past four days. Il is also believed that the
policy of the leaders is to prevent material al
vance until after the April settlements The
market showed some degree OF strength In the
early dealings, and London was a liberal buyer
1t that time of the day, but the steady pressure
II stocks for sale slowly forced prices down
sntil late in the day, when the easing
buying and a spirit in New England and the
Wabashes gave more character to the dealings.
New England was affected, first, by the declara
ton of the dividend, and secondly, by rumors Of
new deal by which the company will be q
gamer The only thing new In Wabash was the
announcement that the purchasing COMMITTEES is
ready to redeem the receivers certificates The
movement also spread to the other Gould stocks
Union Pacific was special feature of the fore
noon trading, being extremely active and strong
upon the presidents report The remainder OF
the list were without special features of i'm
portaace The opening Was active and strong,
the advances over last evenings final quotations
ranging from to per cent. Union Pacific and
Fort Worth We're active and strong but the gen
eral list soon developed declining tendency
This heaviness became more pronounced toward
novn, although the losses were meas
pred Iy fractional declines only. Later
fhS market became decidedly dull and
entirely devoid Of feature, but after l
p. NJ. the movement in New England
began and the market responded slowly. In the
last hour there was considerable more business
and prices were brought up to the neighborhood
Of the opening figures, the close being mod@r-
ately active and firm to strong. The changes
for rho day are. for the most part, for insignif-
cant fractions only. and advances are slightly in
the majority. The only important change is in
New York & New England, which gained Il pei
cent
Railroad bonds were moderately active and
prices, in the majority of the list, were firm to
strong. The safes to-day were vi, oOO, O0O. While
there was no specially important movement
final prices. generally show advances. Grand
RAPIDS & Indiana rose 2, to 90a; Pennsylvania
coal, Hrsts. 2, to LOG: Central Pacific, tSan Joa
qnin branchl, skies, %, to 1l5s; Texas & New
Orleans, Sabine dvsion), frsts, 81. to 1O4A
Wabash general trust receipts 81, to 80
Indiana, Bloomington & Western income re
teipts, 2 10 80.
Government bonds were dull, and steady t.
firm.
State bonds were dull and steady. Closing
quotations were: